Friday, August 4, 2017

Passive Income Report: July 2017 (Another Record!)

It is time again for my Monthly Progress Review, and I'm excited because I finally had some massive passive income...thanks to rental properties!

In each progress review I will list a summary of all dividends I received, the rental income I received, and any purchases I made from that particular month.

This monthly report covers July 2017.  
I hope you enjoy these posts and that we can learn how to grow our passive income streams and build real long-term wealth together! 

General Thoughts on This Month: July was another record month, thanks to rental income of $859. I saw total growth YoY of 58%; my second month in a row of over 50% YoY growth.  Wow.  As some of you who follow my site know, I had hoped (and predicted!) that the second half of this year was going to see some massive progress, and thus far it is thankfully coming true.  Meeting my goal of $13K in passive income is still going to be a stretch, but the fight is on!  Very blessed and excited!

Read More to see how I earned $928.34 this month in passive income!

Dividends Received
Dividends were almost nothing this month, with only two payers, both of which really are not significant positions in my portfolio.  Still, it's great to receive these two checks without having done anything but provide the initial capital:

*All dividends are always reinvested.

Rental Income Received
I am happy to report that I now have four active rental properties, my Missouri Rental my Colorado Rental, and my two North Carolina rentals: North Carolina 1 and North Carolina 2.  (I know I still need to write about the closing details of NC #2). Listed below is the cash flow that each of these properties provided this month:

Wow. What an awesome month.  My NC #2 provided $825 in cash flow! This was entirely because we had a tenant in place from Day 1 of the closing, and our mortgage payment wasn't due until the start of the next month (in AUG) we essentially had pure profit on that 1st month's rent!  Nice!

My other NC property, NC #1, had some major cleaning and set up expenses - as we just put a tenant in there and started with property management...set-up fees, etc.  Some of this cost was a miscommunication between my property manager and me as to how detailed I wanted the initial house cleaning to be (...Frustrating! And this won't happen again); but in the end I experienced a negative cash flow on this property of $302 to pay for all of the items mentioned above. Ugh! It hurts me to think what my income would have been had I received the positive $370 in cash flow I should have received.

In summary, with dividends and rental cash flow combined, Total Passive Income Received: $928.34

This month I made several small routine purchases contributing slightly under $500 to my Roth IRA (still pursuing goal number 6!), distributed across my 5 mutual funds, listed below:

VWELX: Vanguard Wellington
VTIVX: Vanguard Target Retirement 2045
VGSTX: Vanguard Star
VFIAX: Vanguard 500 Index
VEMAX: Vanguard Emerging Markets Index

I'm actually in a lot of debt currently (AGAIN!), thanks to NC #2 purchase, so any new purchases in stocks and mutual funds are going to be slow for awhile...yes I know I need to write about this new debt on the blog, but the bottom line is NC#2 down-payment cost me around $15,000...which I had to borrow 100% of, so, yep...lot of debt again. :/

Thoughts on This Month
This was a great month for Passive Income.  Compared to last year's July total in 2016 of $587, my YoY growth for this month was 58.1%. 

With the addition of this month's income to my Progress Tab I now have earned $4,713 in total this year in passive income.  A lot....but also not a lot., compared to where I need to be. 

When compared to my goal, yikes! I am now over $2,870 behind the pace I need to be at in order to meet my primary Passive Income Goal  See a detailed graph of the progress and gap, here.

But, believe it or not, I still believe I WILL catch up, and will meet my goal.  These last 5 months of reports from August to December will be very interesting.  I anticipate huge months in SEP and DEC, where I can make up some ground.  We'll see what happens!

Thanks for reading, and I always appreciate any comments,

Passive Income Dude 


  1. Great month. Close to that 1k mark! The rentals are really pulling for you. I'm doing the same still trying to max out the Roth IRA. Soon enough i'm sure. Glad to see your are back on track to hitting your goals. Keep it up!

    1. Hey thanks Daze, yea it was close to $1K. And yes, the rentals did well this month. But it only takes one vacancy to totally wipe out all of the gains. :) And as for hitting my goals, I'm not sure I really mind if I don't hit them, to be honest. As long as I'm making significant progress. Take care and thank you for commenting

  2. Congrats on another record month of passive income. As most dividend investors are coming off their June highs into July lows, your dividends and rentals continue to chug along. That's a nice total in green for your properties. How did you choose your management company by the way. Referral, online reviews. I always wonder about people who own properties out of state. Keep up the good work.

    1. Hey Keith, I do a relatively in depth look at who the property managers are in the area and then I do a phone call with them and ask them some questions. To be honest, I wish I didn't have to do property management. It really eats into your cash flow big time. My NC#2 is being self-managed, and in a year or so I intend to do the same for my NC#1 property. Your returns can be much higher if you do it yourself, especially in the beginning stages or your 'snowball.' I tend to try and find the best prop management company and then really stay active in my communication with them until it is clear they will do a good job. Thanks as always for commenting!

  3. Excellent month, Rental income is really building steam. What are you doing with these profits, are you moving to your brokerage account or putting on a savings for a rainy day?

    1. Hey Div for Future, thanks! To be honest, all of my "profits" are going to paying down debt. I had to take out a loan from my dad, at 6%, to fund this property purchase, so I really don't have any real profits..hence my quotes. :) Soon maybe,

  4. Replies
    1. Thanks Freeze, we were pretty fortunate to have the seller of the home want to stay in as a tenant for awhile, so that really helped. Next month could be quite different! We will see.

  5. Nice Dude! The community is having a really strong year and sticking with their strategies. I'm seeing a real estate trend in those individual stock holdings :)

    Also, congrats on completing your MBA, I'm sure you're as relieved as me to have that out of the way.

    1. Hey thanks Stacker. I actually wish I was still getting it! lol. Great experience!

  6. Another record, nice. I'm on a record run too. Gotta love the 50% increase. Great job.

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